New Delhi-based India Exposition Mart, which operates India Expo Centre and Mart in Greater Noida, has filed draft papers with Sebi to raise funds through an initial public offering. The IPO comprises a fresh issue of up to 75 lakh equity shares and an offer for sale of up to 2.3 crore equity shares by existing shareholders. The shares have a face value of Rs 5 each.
The offer for sale will be made by individual shareholders including Rakesh Kumar Sharma, Ravinder Kumar Passi and Meenakshi Passi, Vivek Vikas and Asha Ahlawat, Dinesh Kumar Aggarwal, Navratan Samdaria, Asha Goel, Esh Sharma and Raj Kumar Malhotra.